To Convert or Not to Convert

As you near age 73, one common concern is remembering to take your required minimum distributions (RMDs) each year. If you’re a traditional IRA account owner, this may be a driving factor in considering a Roth conversion.

A Roth conversion can offer several benefits, such as eliminating RMDs and potentially lowering your tax bill in retirement. However, it’s not the right choice for everyone. Before making the decision, it’s essential to weigh your options carefully and ask yourself whether the benefits align with your long-term financial goals.

Our guide, “To Convert or NOT to Convert in 5 Easy Steps,” offers key factors to consider before converting your traditional IRA to a Roth IRA.

If you’d like to explore whether a Roth conversion makes sense for your situation, or if you want to discuss strategies to reduce your tax bill in retirement, contact our office at 516-294-5287 to schedule a time to visit.